FirstSun Capital Bancorp (NASDAQ:FSUN) Receives $43.33 Consensus Target Price from Analysts

FirstSun Capital Bancorp (NASDAQ:FSUN) has been given a consensus rating of “Buy” by the five ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $43.3333.

Several equities research analysts recently commented on FSUN shares. Zacks Research upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Raymond James Financial restated an “outperform” rating on shares of FirstSun Capital Bancorp in a report on Tuesday, January 27th. Weiss Ratings restated a “hold (c+)” rating on shares of FirstSun Capital Bancorp in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods upped their price target on shares of FirstSun Capital Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th.

FirstSun Capital Bancorp Stock Performance

NASDAQ FSUN opened at $36.32 on Wednesday. The business has a 50 day moving average price of $37.99 and a 200 day moving average price of $37.38. The company has a market capitalization of $1.01 billion, a P/E ratio of 10.50 and a beta of 0.89. FirstSun Capital Bancorp has a 1-year low of $29.95 and a 1-year high of $42.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.00.

FirstSun Capital Bancorp (NASDAQ:FSUN) last posted its earnings results on Monday, January 26th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. FirstSun Capital Bancorp had a return on equity of 9.00% and a net margin of 17.19%.The company had revenue of $110.18 million for the quarter, compared to the consensus estimate of $108.20 million. Sell-side analysts expect that FirstSun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Activity

In related news, Director Peter E. Murphy acquired 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $35.28 per share, for a total transaction of $52,920.00. Following the transaction, the director directly owned 1,500 shares of the company’s stock, valued at approximately $52,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FirstSun Capital Bancorp

Hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in FirstSun Capital Bancorp during the 2nd quarter worth about $961,000. CreativeOne Wealth LLC acquired a new position in FirstSun Capital Bancorp in the 2nd quarter valued at about $503,000. Salzhauer Michael lifted its holdings in FirstSun Capital Bancorp by 45.1% in the 3rd quarter. Salzhauer Michael now owns 125,601 shares of the company’s stock valued at $4,872,000 after purchasing an additional 39,048 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of FirstSun Capital Bancorp by 123.3% during the 2nd quarter. Geode Capital Management LLC now owns 297,908 shares of the company’s stock worth $10,354,000 after purchasing an additional 164,507 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of FirstSun Capital Bancorp during the 2nd quarter worth about $353,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp engages in the provision of commercial banking services. It operates through the following segments: Banking, Mortgage Operations, and Corporate. The Banking segment consists of loans and provides deposits and fee-based services to consumer, business, and mortgage lending customers. The Mortgage Operations segment originates, sells, services, and manages market risk from changes in interest rates on one-to-four family residential mortgage loans to sell and hold. The company is founded on November 9, 1981 headquartered in Denver, CO.